It’s been like watching a slow-motion — and entirely preventable — train wreck: extreme austerity measures aren’t leading Europe to prosperity but driving the continent’s economy into the ground. This has seemed pretty obvious for a long time, but European policy makers have seemed somehow blind to the problem.

Today, the Savannah Morning News published the second column by Nicholas Mangee, a new assistant professor of economics at Armstrong Atlantic State University: How the U.S. is not Greece I’m a fan of good information and reasonable discussion, so I’m…

I’ve written a number of times about Europe’s sovereign debt crisis. Here’s an excellent — if overly dramatic — 23-minute video from the WSJ that gives great background and discusses the ways in which the EU, the Eurozone, the ECB, and others have allowed the crisis to fester:

I’m not heartened by last week’s agreement among Eurozone countries to commit to stricter austerity packages. At best, things are going to get really, really messy as countries continue to cut budgets, as growth slows, as a variety of treaties…

Well, I have to say that I’m not heartened by the news from the summit in Europe today. The European Central Bank has not made the bold moves that seem required, and the political brinksmanship between Europe’s wealthiest countries and…

Sorry to make the title so simplistic, but it really does feel like the Eurozone could go one of two ways after the last couple of days. The European Central Bank signaled that it might be more willing to be…

The euro was adopted on January 1st, 1999, so the currency is about to turn 13. I’m not a conspiracy theorist, or a numerologist, or a triskaidekaphobe. But 13 might turn out to be a very unlucky number. I’ve written…

It now seems almost a given that, even if the U.S. technically avoids a recession, we’ll be hurt by the slowdown in Europe related to the continent’s debt crisis. That crisis is nowhere near over. From Calculated Risk yesterday, State…

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ABOUT SAVANNAH UNPLUGGEDIn my columns in the Savannah Morning News, I write about the local economy and culture. But those columns don't exist in a vacuum: I follow a wide variety of national news and experience Savannah much more deeply than I can possibly capture in three columns a week. So here on Savannah Unplugged, you'll find everything from nationwide economic trends to nightclub photos. I also contribute to the political blog Peach Pundit and the music blog hissing lawns.